A global outage for users of Facebook, Instagram and WhatsApp. what’s the possible reason for it? US factory activity remains strong, despite many challenges, we hear from one of them. And the Biden administration sets out what trade with China will look like– as China fails to meet its promises on Trump’s the phase one…
US Factory Orders Increase Solidly as Manufacturing Keeps Humming
WASHINGTON―New orders for U.S.–made goods accelerated in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor. The Commerce Department said on Monday that factory orders increased 1.2 percent in August. Data for July was revised higher to…
Asian Shares Slip as Evergrande, Inflation Worries Sap Positive Mood
October 3, 2021
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TOKYO—Asian shares dipped on Monday as concerns about China’s property sector and inflation worries offset upbeat U.S. data and positive news on new drugs to fight the coronavirus. Trading in shares of debt-laden China Evergrande was suspended after it missed a key interest payment on its offshore debt obligation for the second time last week….
Irish Manufacturing Growth Slips to 6-Month Low: PMI
DUBLIN—Growth in Irish factory activity slipped to a six-month low in September but remained close to all-time highs with the sector showing signs of inflationary pressures, a survey showed on Friday. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) slipped to 60.3 in September from 62.8 in August and down from May’s record reading…
US Manufacturing Expands Further in September; Shortages, Prices Rising: ISM
WASHINGTON—U.S. manufacturing activity picked up further in September, but factories experienced longer delays getting raw materials delivered and paid higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its index of national factory activity increased to a reading of 61.1 last month from 59.9 in August. A reading above 50 indicates…
Manufacturing Sector Stalled by Lockdowns
Australia’s manufacturing sector was barely growing in September as border closures and coronavirus lockdowns continued to stifle activity, although the industry is hoping for a rebound in coming months as restrictions ease. The Australian Industry Group’s performance of manufacturing index eased 0.4 points to 51.2, just holding above the 50 level which separates growth in…
Japan’s September Manufacturing Activity Growth Slows: Flash PMI
TOKYO—Japan’s factory activity grew at the slowest pace in eight months in September as output and orders contracted, while that of the services sector remained in its downturn, underscoring the protracted impact of the coronavirus pandemic. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) slipped to a seasonally adjusted 51.2 in September…
Business Activity Growth Hits 12-Month Low on Supply Hold-Ups and Capacity Shortages
Business activity in the United States in September grew at its slowest monthly pace in 12 months, with supply chain hold-ups and capacity shortages hampering growth. Data firm IHS Markit said on Sept. 23 that its flash U.S. Composite PMI Output Index (pdf)—which tracks the manufacturing and services sectors—retreated to a reading of 54.5 in…
US Industrial Production Rebounds to Above Pre-Pandemic Level
A new report from the Federal Reserve shows that U.S. factory production expanded in August though at a far slower pace than in July, with disruptions related to Hurricane Ida blamed for the relatively weak print. Still, total industrial production in August rose above its pre-pandemic level. After growing 0.8 percent in July, overall U.S….
US Awarding $482.3 Million in Aviation Manufacturing Assistance
September 14, 2021
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WASHINGTON—The U.S. Transportation Department said it was offering $482.3 million in aviation manufacturing assistance to 313 businesses, including up to $75.5 million to Spirit AeroSystems. Congress earlier this year created a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as long as six months….
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